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Present Value of Bonds Payable; Premium Moss Co. issued $100,000 of four year, 12% bonds, with interest payable semiannually at a market (effective) interest rate

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Present Value of Bonds Payable; Premium Moss Co. issued $100,000 of four year, 12% bonds, with interest payable semiannually at a market (effective) interest rate of 11% Determine the present value of the bonds payable, using the present value tables in Exhibit and Exhibit 7. Note: Round final answer to the nearest dollar bonds, with ' of the

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